New Functionalities made available for Taxpayers for July-September, 2021 on GST Portal related to GST Returns, Registration etc. which includes Extension of time limit for filing application for revocation of cancellation of registration, Addition of bank account details made mandatory for taxpayers, Suspension of GSTINs of the suspected and fraudulent taxpayers (Form REG-31), Facility for […]
The investment bankers play an important role in facilitating issuance and listing of securities on the recognised stock exchanges in the IFSC and overall development of the ecosystem for primary market issuances in the IFSC. The IFSCA (Issuance and Listing of Securities) Regulations, 2021 have already been notified providing the necessary regulatory framework in this regard.
Income Tax Department conducts search operations in Pune, Maharashtra The Income Tax Department has initiated search and seizure operations on a leading group of Pune, engaged in dairy farming and milk products, on 25.11.2021. The search action covered more than 30 premises spread over 6 cities in India. During the course of search action, several incriminating documents and evidences of […]
Income Tax Department conducts search operations on a real estate group in Mumbai and Navi Mumbai Region of Maharashtra The Income Tax Department initiated search and seizure operations on a real estate group, engaged in the construction of residential and commercial projects, in Mumbai and Navi Mumbai Region on 25.11.2021. The group is mainly carrying out […]
Government of Maharashtra hereby declares Public Holidays in the State of Maharashtra during the calendar year 2022 GENERAL ADMINISTRATION DEPARTMENT Mantralaya, Madam Cama Road, Hutatma Rajguru Chowk Mumbai 400 032, dated the 2nd December 2021 PUBLIC HOLIDAYS––2022 NOTIFICATION No. PHD. 1121/C.R. 97/Desk-29.— In exercise of the powers entrusted to it by the Government of India, […]
In re INOX Air Products Pvt. Ltd. (GST AAAR Tamilnadu) The final issue to be seen is that whether the entire manufacturing plant is to be construed as a ‘Plant and machinery’. As discussed in para supra, the Act do not define the terms ‘Plant’, ‘Machinery’, though the provision under Section 17(3) (d) says,- ‘goods […]
₹ 1,31,526 crore gross GST revenue collected in November GST collection for November,2021 surpassed last month collection registering the second highest since implementation of GST Revenues for the month of November 2021 , 25% higher than the GST revenues in the same month last year and 27% over 2019-20 The gross GST revenue collected in […]
eForm INC-18 – Application to Regional Director for conversion of section 8 company into any other kind of company Part I – Law(s) Governing the eForm INC-18 Section and Rule Number(s) eForm INC-18 is required to be filed pursuant to Section 8 (4) (ii) of the Companies Act, 2013 and Rule 21(3) of Companies (Incorporation) […]
Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) Guidelines, 2021
eForm CG-1 –Form for filing application with Central Government Part I – Law(s) Governing the eForm Section and Rule Number(s) eForm CG-1 is required to be filed pursuant to the Companies Act, 2013. Purpose of the eForm A company can seek approval from Central Government by filing application under Companies Act, 2013 in eForm CG-1. […]
